03/06/2026
🚨 Your TDS forms just got new names.
Form 24Q is dead. Form 26Q is dead. Form 16 is dead.
Under the Income Tax Act 2025, every TDS/TCS form has been renumbered — and if you file returns, issue certificates, or advise clients, you need to know this.
Here's your complete cheat sheet 👇
📌 24Q → Form 142 (Salary TDS return)
📌 26Q → Form 143 (Non-salary TDS)
📌 27Q → Form 144 (NR payments)
📌 27EQ → Form 145 (TCS return)
📌 Form 16 → Form 130 (Salary certificate)
📌 15G + 15H → Form 121 (now merged!)
📌 26AS + AIS → Form 168 (combined!)
Save this post before your next filing season. 💾
——
💬 Drop "FORMS" in the comments — I'll send you the full PDF reference guide FREE.
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25/05/2026
⚠️Key changes in PAN rules 2026 ⚠️
Need help ? Call us ☎️ 9952026713
(Income tax, Pan, declaration, tax updates)
16/05/2026
🔴 BIG GST UPDATE — Govt may soon lock manual editing in GSTR-3B! 👇
Once your return is auto-populated from GSTR-1 & GSTR-2B — you may NOT be able to edit it before filing. Here's what this means for your business 👇
What's changing:
🔒 Editing in GSTR-3B may be disabled once auto-filled
📋 Returns will be based on invoices uploaded by suppliers
✅ Changes still possible via GSTR-1A and IMS
⏳ Proposal goes to GST Council for final approval
Why is Govt doing this:
→ Reduce ITC fraud & fake invoice claims
→ Tighten checks on defaulting suppliers
→ Move towards system-driven automated compliance
⚠️ The concern for honest taxpayers:
If your supplier files incorrect data or files late — YOU may be denied ITC through no fault of your own. KPMG, Deloitte & AMRG Global have all flagged this risk.
✅ What you should do NOW:
1️⃣ Start monitoring GSTR-2B every month immediately after 14th
2️⃣ Follow up with suppliers to file GSTR-1 accurately & on time
3️⃣ Learn to use IMS (Invoice Management System)
4️⃣ Build a monthly purchase register vs GSTR-2B reconciliation process
Swipe through all 8 slides for the full analysis 👆
📞 Need GST advisory support? We're here.
📱 +91 99520 26713 | 📧 [email protected]
📍 Perambur, Chennai
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15/05/2026
📢 MAJOR UPDATE — New Income Tax Act 2025 is here!
Effective 01.04.2026 — here are the 7 BIG changes every salaried employee, business owner and finance professional must know 👇
1️⃣ HRA RULES UPDATED
Hyderabad, Bengaluru & Pune are now metro cities. Higher HRA exemption for employees in these cities. Landlord PAN mandatory if rent > ₹1 lakh/year.
2️⃣ BIG ALLOWANCE HIKES
📚 Children Education: ₹100 → ₹3,000/month
🏫 Hostel Allowance: ₹300 → ₹9,000/month
🍽️ Meal Allowance: ₹100 → ₹200/meal
🎁 Festival Gift: ₹5,000 → ₹15,000/year
♿ Transport (Disabled): ₹8,000 → ₹15,000/month
3️⃣ ITR DUE DATES CHANGED
• Salaried — 31st July 2026
• Freelancers/Professionals — 31st Aug 2026
• Audit Cases — 31st Oct 2026
• Transfer Pricing — 30th Nov 2026
4️⃣ REVISED RETURN DEADLINE EXTENDED
Revised return: up to 31st March 2027 (3 months more!)
Belated return: up to 31st December 2026
Late fees still apply: ₹1,000–₹5,000
5️⃣ CAR PERQUISITE LIMITS REVISED
🚗 Below 1600cc: ₹1,800 → ₹5,000/month
🚙 Above 1600cc: ₹2,400 → ₹7,000/month
👨✈️ Driver Allowance: ₹900 → ₹3,000/month
6️⃣ TAX FORMS RENAMED
• Form 16 → Form 130
• Form 26AS → Form 168
• Form 15G/15H → Form 121
• Tax Audit Forms → Form 26
7️⃣ NEW TAX REGIME — ₹12.75 LAKH EFFECTIVELY TAX-FREE
₹12 lakh zero tax (Rebate 87A) + ₹75,000 standard deduction = ₹12.75 lakh tax-free for salaried employees.
⚠️ But remember — HRA, 80C, 80D & most deductions NOT available under new regime.
💡 This is not just a tax update — it's a complete compliance transformation.
Swipe through all 9 slides for the full breakdown 👆
Need help navigating the new IT Act? We've got you covered.
📱 +91 99520 26713
📧 [email protected]
📍 Perambur, Chennai
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